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    Microeconomics Study Set 12
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    Exam 6: Inputs and Production Functions
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    Consider the Production Function Where Is Some Constant
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Consider the Production Function Where Is Some Constant

Question 19

Question 19

Multiple Choice

Consider the production function Consider the production function   where   is some constant.This production function exhibits A)  decreasing returns to scale. B)  constant returns to scale. C)  increasing returns to scale. D)  either decreasing or constant returns to scale, but more information is needed to determine which one. where Consider the production function   where   is some constant.This production function exhibits A)  decreasing returns to scale. B)  constant returns to scale. C)  increasing returns to scale. D)  either decreasing or constant returns to scale, but more information is needed to determine which one. is some constant.This production function exhibits


A) decreasing returns to scale.
B) constant returns to scale.
C) increasing returns to scale.
D) either decreasing or constant returns to scale, but more information is needed to determine which one.

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